US stocks end sharply lower amid global selloff

Tuesday, 20. November 2018 22:00

United States markets closed with sharp losses on Tuesday with the Dow Jones plunging more than 600 points at session's low. US losses were led by Apple Inc. throughout the day where the stock lost dropped over 5% trading under $177 per share. Markets in Europe also saw major losses today with German DAX hitting a lowest level since December 2016.

Meanwhile, US President Donald Trump said Washington would preserve its strong relationship with Saudi Arabia despite the murder of Washington Post journalist Jamal Khashoggi.

The Dow Jones Industrial Average plunged 2.21% at the market close. The worst performer was Apple Inc., sinking 4.78%. The Nasdaq 100 lost 1.75% with Ross Stores ending 9.38% lower. The S&P 500 closed 1.76% in the red led by L Brands sharp losses of 17.74% at the closing bell

The euro traded flat against the dollar to change hands for 1.1368 at 10:00 pm CET.

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Breaking the News / SS